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AUD/USD Ticks Higher In Early Trade, RBA Gov Lowe To Speak


AUD/USD has added a handful of pips and last trades at $0.7283, as e-minis have traded on the front foot. The rate trades through Friday's high as we type.

  • Over the weekend, Australia joined the Regional Comprehensive Economic Partnership (RCEP) with China, Japan, New Zealand, South Korea and the ten ASEAN nations, the world's largest free trade deal.
  • Elsewhere, the federal gov't struck a deal with CSL, which will invest A$800mn in a flu vaccine plant. The federal gov't will contribute A$1.0bn in a 12-year supply agreement and the Melbourne-based facility will become operational by mid-2026.
  • A break above Nov 9/Sep 16 highs of $0.7340/45 would allow bulls to target Sep 1 high of $0.7414. Bears look for a dip through the 20-EMA at $0.7202 before taking aim at Nov 5 low of $0.7145.
  • RBA Gov Lowe delivers a speech on "Covid, Our Changing Economy and Monetary Policy" later today. RBA Nov MonPol meeting minutes, comments from RBA's Debelle & weekly payroll data are due Tuesday, wage price index & more remarks from Lowe hit on Wednesday, labour mkt report comes out Thursday & flash retail sales are due Friday.

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